Obama Announces $5B for Medical Research

(AP)  President Barack Obama has announced $5 billion in government grant money to help pay for research into cures for cancer and other diseases.

Obama traveled to suburban Maryland Wednesday to make the announcement at the National Institutes of Health, where he paid tribute to federal employees who "save countless lives."

The president said "we know that that the work you do would not get done if left solely to the private sector." He said he is making a "historic commitment" to new research to save and enrich the lives of people.

Obama said the money from the $787 billion economic stimulus law represents the "single largest boost" to biomedical research. The program included $10 billion for the NIH.

Obama made the announcement in Bethesda, Md., with Health and Human Services Secretary Kathleen Sebelius.

Before making remarks about the grants, Obama and Sebelius toured a NIH oncology laboratory.

"That's a pretty spiffy microscope," Obama remarked as he walked through the lab.

Researchers allowed the president take a look at the brain cells they're studying, explaining the difference between healthy cells and cancerous cells.

Obama said the grants would create "tens of thousands of jobs conducting research, manufacturing and supplying medical equipment, and building and modernizing laboratories and research facilities."

Jared Bernstein, who is Vice President Joe Biden's chief economist, said the $5 billion will support some 12,000 existing projects and create thousands of jobs over the next two years for researchers and educators, as well as medical equipment makers and suppliers.

A White House statement said the money would fund "several areas including heart disease, autism, HIV-AIDS, H1N1 Flu and cancer."

The investment includes $175 million for The Cancer Genome Atlas (TCGA) to collect more than 20,000 tissue samples from more than 20 cancers, and determine in detail all of the genetic changes in thousands of these tumor samples.

"We are about to see a quantum leap in our understanding of cancer," said NIH Director Dr. Francis S. Collins.

The cancer study involves more than 150 scientists at dozens of institutions around the country, the White House statement said.

[vuenbelvue]

I want to thank the people who gave the $5 billion dollars for research into Medical Science. $5 billion dollars to be spend in the
laboratories in all 50 states. Research that will help us all.

[pigsinlipstick]

THANK GOD WE HAVE PRESIDENT OBAMA NOW



OTHER WISE WE WOULD BE IN THE DEOPTHS OF ANOTHER GREAT




REPUBLICAN ('CON'SERVATIVE) DEPRESSION

[Oregon_State_OSU]

President Barack Obama peers into a microscope during a tour of the National Institute of Health in Bethesda, Md., Wednesday, Sept. 30, 2009.

He is looking at the Chances of the Republicans getting back into the White House in 2012

The Second Slide on the Microscope: Is the Revenue from Sarah Palins book "Going Rogue" after 12 months of sales.

[Oregon_State_OSU]

Look at the picture of OBAMA looking into the Microscope.

He is looking at the Chances of the GOP / Republicans getting back in the White House in 2012.

[skepticalJM]

It's amazing that the government has money for research, so drug companies and other private institutions can profit from public funds; but it has no money to allow good health care to ALL its citizens. What good is all the fancy medicine, when no one but the rich can afford it?
Instead, cap salaries and total income and make the rich do their fair share to support society and its needs!

[hungry1968-16]

by NewYork-Joey September 30, 2009 4:07 PM EDT
by nextgenman09 September 30, 2009 3:57 PM EDT

Do you know the difference between a Grant and a Loan ?

I guess not, because you clearly thought the TARP loans to banks, was equivalent to Obama giving out a grant of my tax money.

Translation: You are a stupid country Bumpkin







Where did that TARP money go?

Who got it? How much did each bank get?



If you can't answer those questions, which apparently no one can since Paulson just GAVE it away, then how can you claim that they were loans?

And why do you oppose medical research?

[NewYork-Joey]

by nextgenman09 September 30, 2009 3:57 PM EDT

Do you know the difference between a Grant and a Loan ?

I guess not, because you clearly thought the TARP loans to banks, was equivalent to Obama giving out a grant of my tax money.

Translation: You are a stupid country Bumpkin

[NewYork-Joey]

by nextgenman09 September 30, 2009 2:04 PM EDT
I didn't know New York had hoot bumpkins....would you like to comment on the Bush $750 Billion out of our wallets welfare for banks there skippy?
___________________

I thought I was talking about Obama, but you libs can't help yourself, but to bring up BUSH again and again.

Welfare for banks ?? what are you talking about ?? we loaned a number of banks money that's being paid back, to avoid financial collapse.....so what is your point ?

Grant money and loans are not the same thing....one is a gift, one is loaned.....a stupid country Bumpkin like you wouldn't know better...I understand

[nextgenman09]

Translation: I want to try to ignore the past, blame Obama and forget all about anything my precious republicans did.

Your hypocrisy is a hoot.

[daffy64]

He just wants to cure cancer so there'll be more little Socialists running around. I say the sick should die.

But then of course, I'm a Klingon.

[bubbadubba]

And the Obama haters and right wing fascists scream " How dare you waste that money trying to cure disease when it could be better spent forcing other countries to do what we tell them to and murdering innocent women and children and putting a puppet leader controlled by Wall Street in charge".
Typical neo nazis.
Obama is so "evil".
LOL